The largest bank in Russia, the state-owned Sberbank, has reportedly announced its plans to bypass the Russian cryptocurrency regulations and offer crypto trading to customers overseas. The bank is looking at trading pairs of the most liquid and well-known cryptocurrencies. Bypassing Russian Regulations At a news briefing on Tuesday, Sberbank’s Head of Global Markets Andrey Shemetov […]
China-based Huobi, previously one of the country’s largest cryptocurrency exchanges, plans to launch an office in San Francisco. Chief strategy officer Cai Kailong revealed the move at Blockchain Connect, the U.S.-China blockchain conference, on Jan. 26, saying he came to the U.S. the week prior to help set it up. Huobi is looking to grow […]
Since 2013, I have visited lots of mining sites in China. Each mining farm has its own characteristics. If you want to construct a mining farm, the first thing to consider is the cost. That is, the hash rate and power consumption of miners, electricity, hosting fees and the life expectancy of miners. And the […]
A year ago today China’s central banks temporarily scared the cryptocurrency community when they stopped bitcoin exchanges from operating. Since then the top mainland-based digital asset exchanges moved abroad to more friendlier regions, but Chinese citizens are still acquiring bitcoin whether the People’s Bank of China likes it or not. Chinese Citizens Continue to Bypass […]
Following persistent complaints about spammy and fraudulent cryptocurrency ads, Facebook has issued an outright ban. As of a new ruling issued on January 30, “ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency”. The move is sure […]
Smart contract startup Kadena has raised $2.25 million in a pre-A financing private-placement SAFT round for its new blockchain project. According to the startup, Metastable, Kilowatt Capital, Coinfund and Multicoin Capital all invested in Kadena through a private-placement SAFT round. The funding goes to support Chainweb, a project focused on scaling and security issues and realized […]
Cryptocurrency miners in Singapore can now buy their rigs pre-assembled right at the mall as more retail computer hardware shops enter this booming market. This is another strong sign of how retailers are diversifying away from their traditional costumers such as PC gamers, all due to the allure of cryptocurrency earnings. Singapore Mining Mall Sim […]
On January 29 the longstanding Chinese bitcoin company BTCC has announced it was acquired by a Hong Kong-based investment fund. The company explains its pivoting away from China so the business can grow more “aggressively” in 2018. A Hong Kong Investment Fund Acquires BTCC The company BTCC formally known as BTC China was founded in […]
New bitcoins are added to the system about every 10 minutes through a process called “mining.” This involves using computing power to verify bitcoin transactions across the network by solving cryptographic problems called “hash puzzles.” Bitcoin Mining 101 Here’s how it works: Every bitcoin holder’s balance is designated by a unique bitcoin address, which is […]
Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner. Miners can, however, choose to redirect […]
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